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Novacare Hospital Islamabad: BOP leads structuring of Rs17bn Islamic project finance facility
LAHORE: The Bank of Punjab (BOP) marked the financial close of a Rs 17 billion Syndicated Islamic Project Finance Facility for Novacare Hospitals (Private) Limited at a signing ceremony bringing together the project’s sponsors, management and participating financial institutions. The facility will support the development of a 250-bed tertiary care hospital and a feeder clinic in Islamabad. Novacare Hospitals (Private) Limited is Pakistan’s first and only hospital to be affiliated with Imperial College Healthcare NHS Trust. With sponsors contributing Rs 11.5 billion in equity, the total project...
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